Current PPS doesn't reflect cloud customer growth (expected to be 25% this year alone) which leaves ALOT of room for upside.
Also, institutions will need to accumulate more shares ahead of the market moving higher this quarter. With new highs in the S&P coming later this month AMZN is primed to fly.
Sentiment: Strong Buy
Village Idiot #1!
So that 25% growth will offset the 25% price cut Amazon announced (since only revenues matter to Amazon... Never mind the fact that costs won't drop 25%...)?
OR it's already priced just about everything in and it will go back down to a more reasonable valuation and go go up from there say $120 a share
Shorts alone will keep this up. Too many shorts in AMZN need to get squeezed.